ADP, operator of the Charles De Gaulle and Orly airports in the Paris region, is TAV Airports’ largest shareholder with a 38 percent stake. It plans to buy the 8.12 percent stake of second-largest shareholder Akfen Holding for $160 million.

Turkey-based Akfen Holding plans to use the revenue from the stake sale to contribute to a 6.7 billion lira ($1.9 billion) investment program in Turkey focused on hospitals and energy projects, it said in a statement.

Hamdi Akin, chairman of Akfen Holding and TAV Airports, said TAV will remain a Turkish company, with its listing in Istanbul.

The transaction values TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share.